How to Choose a Life Insurance Company
Our company ratings are based on financial data, product offerings, underwriting speed, company history, and consumer complaints. We update ratings quarterly when new financial reports are released.
Our Company Ratings Explained
Financial Strength
We prioritize carriers rated A or better by AM Best, Moody's, Standard & Poor's, or Fitch.
Underwriting Speed
Standard underwriting takes 4–6 weeks. We favor carriers with accelerated or instant underwriting.
Types of Coverage
Does the carrier offer term, whole, guaranteed issue, or simplified issue? More options = more flexibility.
Company Size & Age
Larger, older companies have longer track records of paying claims — an important factor in our ratings.
State Availability
Not all carriers are licensed in every state. We note where each company operates.
Ways to Buy
Can you apply fully online, or do you need to work through an agent? We prefer digital-first options.
Customer Complaints
We review NAIC complaint ratios and consumer reviews to assess customer satisfaction.
Price
We compare rates for standard and preferred health classes to identify the best value.
Top No Exam Life Insurance Companies
Ethos Life
No Exam AvailableAM Best: A+Up to $1,000,000 of Coverage Without a Medical Exam. Apply in Minutes.
Max Coverage: $1,000,000
Banner Life
No Exam AvailableAM Best: A+Affordable Term Life from a Trusted Carrier
Max Coverage: $10,000,000
AIG (American International Group)
No Exam AvailableAM Best: AFlexible Life Insurance Solutions from a Global Leader
Max Coverage: $3,000,000
Sagicor Life
No Exam AvailableAM Best: A-Fast No-Exam Term Life Insurance
Max Coverage: $400,000
Mutual of Omaha
No Exam AvailableAM Best: A+A Trusted Name in Life Insurance Since 1909
Max Coverage: $25,000 (guaranteed issue) / $300,000 (term)
Protective Life
No Exam AvailableAM Best: A+Long-Term Value with Competitive Rates
Max Coverage: $5,000,000
Principal Financial Group
No Exam AvailableAM Best: A+Solid Protection from a Fortune 500 Company
Max Coverage: $3,000,000
Guardian Life
No Exam AvailableAM Best: A++Comprehensive Coverage with Strong Dividend History
Max Coverage: $5,000,000
American National
No Exam AvailableAM Best: AFlexible Coverage with Living Benefits
Max Coverage: $1,000,000
Colonial Penn
No Exam AvailableAM Best: A-Guaranteed Acceptance Life Insurance
Max Coverage: $20,000
State Farm
AM Best: A++Like a Good Neighbor, State Farm is There
Max Coverage: $3,000,000
MetLife
AM Best: A+One of the World's Largest Insurance Companies
Max Coverage: $5,000,000
AARP Life Insurance
No Exam AvailableAM Best: A++Life Insurance Designed for AARP Members 50+
Max Coverage: $100,000
How to Choose the Right Company
- → Prioritize financially strong companies (A-rated or better by AM Best).
- → If you've been declined elsewhere, look for simplified issue or guaranteed issue options.
- → Compare quotes from multiple carriers — underwriting standards vary significantly.
- → For high coverage amounts ($1M+), consider carriers with accelerated underwriting programs.